TotalEnergies SE Sponsored ADR $TTE Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 9.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 902,487 shares of the company’s stock after selling 96,129 shares during the quarter. Ameriprise Financial Inc.’s holdings in TotalEnergies were worth $58,501,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TTE. Financial Management Professionals Inc. raised its holdings in TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock valued at $31,000 after acquiring an additional 192 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in TotalEnergies in the fourth quarter valued at approximately $32,000. Inlight Wealth Management LLC acquired a new stake in TotalEnergies in the first quarter valued at approximately $32,000. Costello Asset Management INC acquired a new stake in TotalEnergies in the first quarter valued at approximately $32,000. Finally, SouthState Corp raised its holdings in TotalEnergies by 126.1% in the first quarter. SouthState Corp now owns 572 shares of the company’s stock valued at $37,000 after acquiring an additional 319 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE opened at $62.01 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The firm has a market cap of $148.67 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.06 and a beta of 0.59. The company’s 50 day simple moving average is $61.66 and its 200-day simple moving average is $60.60. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $69.81.

TotalEnergies (NYSE:TTE) last announced its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The business had revenue of $44.68 billion for the quarter, compared to analysts’ expectations of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. As a group, equities analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were given a dividend of $0.7108 per share. The ex-dividend date was Wednesday, June 18th. This represents a dividend yield of 454.0%. TotalEnergies’s dividend payout ratio (DPR) is 53.72%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TTE shares. HSBC reaffirmed a “buy” rating on shares of TotalEnergies in a report on Tuesday, May 13th. Morgan Stanley upgraded shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target on the stock in a research note on Monday, May 12th. Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the company a “sector perform” rating in a research note on Friday, July 11th. Piper Sandler increased their price target on shares of TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, August 18th. Finally, Sanford C. Bernstein upgraded shares of TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Three research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.95.

TotalEnergies Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.